Baghdad – IA
Today, Friday, Rafidain Bank announced the continued updating of data and information to ensure safety from suspicions of money laundering.
The bank’s media office stated in a statement received by the (INA), that “in implementation of government directives and instructions from the Central Bank of Iraq / Anti-Money Laundering and Terrorist Financing Office, the Money Laundering and Terrorist Financing Reporting Department at Al-Rafidain Bank conducted field visits to the bank’s branches in Baghdad and the provinces.” Pointing out: “Introducing the risks of money laundering and terrorist financing, mechanisms for combating them, and reporting and monitoring suspicious transactions using available means and methods.”
He added, “The visits resulted in auditing the work of the liaison officers and following up on updating the (KYC) form, which guarantees the safety of customers’ funds and accounts from any suspicions of money laundering,” noting that “due diligence measures were taken for companies and customers in accordance with the Anti-Money Laundering and Terrorism Financing Law.”